Is the Sell-Off in AMD's Stock Overblown?
Shares of chipmaker Advanced Micro Devices (NASDAQ: AMD) plummeted by more than 17% on Wednesday, after the company reported its latest results the day before. What's puzzling about that response from the market, however, is that the company beat expectations, and its guidance also wasn't concerning.
AMD fell by close to 4% more on Thursday. So what's weighing on the stock right now? And could this slide present a good buying opportunity, or are there reasons to think there's more trouble ahead for AMD?
Image source: Getty Images.
Source Fool.com
Advanced Micro Devices Inc. Aktie
451,05 €
7,47 %
Bei der Aktie stehen derzeit 109 Buy-Einschätzungen 5 Sell-Einschätzungen gegenüber. Das Sentiment ist also durchaus positiv.
Ein leicht positives Potenzial wird für Advanced Micro Devices Inc. mit einem Kursziel von 521 € im Vergleich zu 451.05 € gesehen.
